TAL CoverBuilder

Your regular income helps you make the most of life, and build towards the future you’ve planned. But if you have an injury or illness and were unable to work, could you still afford to pay your ongoing expenses?

Income Protection Insurance gives you an alternative source of income so you can keep your household up and running, and still look after your loved ones while recovering. That’s what Income Protection is really about: taking the financial pressure off so you can concentrate on getting back on your feet.

Accident Cover

You receive monthly payments to cover your living expenses if you can’t work as a result of a disabling accident. For example, if you break your leg. Find out more

Illness Cover

You receive monthly payments so you can focus on recovery if you get an illness which stops you from working. For example, a heart attack. Find out more

Sports Cover

If you take up Accident Cover, you can extend it with Sports Cover. This means you’ll receive monthly payments if you can’t work because of an injury playing sports. For example, if you tear your hamstring playing tennis. Find out more

The difference of TAL Lifetime Protection

Comprehensive protection

Access comprehensive cover online, with a broad range of built-in features to protect what matters most to you.

Tailored cover

Take customisation to a whole new level by choosing what you want to be covered for and what you don't. And only pay for the cover you need.

Income Protection

If you’re totally disabled as a result of something you’re covered for and can’t work, you’ll receive monthly payments. Find out more

Recurrent Disability

If your disability gets better but then recurs and you’re off work, there’ll be no waiting period before you start receiving payments again. Find out more

Inflation Protection

Inflation Protection automatically increases your Income Protection cover amount by 3% every year, or by the Consumer Price Index - whichever is greater. Your premiums will also increase accordingly. Find out more

Rehabilitation Expense Benefit

To help you get back to health, we will reimburse the expense of your rehabilitation through certain programs. Find out more

Cover Pause

In case of financial hardship, you can pause your cover for up to three months. You won’t pay premiums but you also won’t be covered. It’s easy to switch on your cover again. (This can only be set up over the phone). Find out more

Partial Disability Benefit

If you’re partially disabled as a result of something you’re covered for and can’t work, you’ll receive partial monthly payments. Find out more

Concurrent Disability

If your disability is because of two illnesses or injuries, you’ll only receive payments for one disability - whichever provides you with the highest payment Find out more

Waiver of Premium Benefit

If you’re receiving a monthly payment for Total or Partial Disability, we will waive or reimburse your Income Protection premiums. Find out more

Schedule Injury Benefit

If you have Accident and Sports cover, you can receive an advance payment for certain injuries, such as a fractured wrist. Find out more

Stepped vs. Level Premiums

You can choose to pay either Stepped or Level Premiums. Stepped Premiums increase every year, but generally start cheaper. Level Premiums stay the same and generally cost less in the long run. However, Level Premiums can increase by general premium rate rises and through Inflation Protection. Find out more

Day One Accident

Instead of having to wait out your chosen waiting period, your payments will start accruing from the first day you’re off work due to a total disability from an injury. (This can only be set up over the phone). Find out more

Increasing Claims

If you are receiving benefit payments, we will increase the payment in line with inflation, while you are receiving them. (This can only be set up over the phone). Find out more

How to make a claim

To make a claim, get in touch with our Claims Team. Every claim is different so we assign you a dedicated Claim Manager to find out what you need, and to make it as easy as possible for you. Find out more

Residing outside of Australia

A maximum benefit period of 90 days will apply while you live outside of Australia. Find out more

Other income payments

If you receive other income, it may reduce your Income Protection Benefit. Find out more

The cost

The cost of your Income Protection cover will depend on a range of factors, including your age and gender, your occupation, health, the cover options you choose, how long you’ve had insurance with us and whether you are a smoker. Find out more

Cover Start and End Dates

We will notify you when your cover is active, and you will stay covered until the policy anniversary following your 64th birthday. This is provided you pay your premiums when they’re due, and you have complied with the Duty of Disclosure. Find out more

Benefit Periods and Waiting Periods

You can choose a waiting period of 2, 4, 13 or 104 weeks. And a benefit period of 1, 2 or 5 years. Find out more

Premium changes

Once your Cover is in place, your policy can’t be singled out for an increase in premium rates because of a change in your health or circumstances. However TAL is able to change the premium rates for all customers if conditions change or we receive more claims than expected. Find out more

Eligibility

The eligible age range is from 18 to 59. Or, 18 to 54 for manual work occupations. Australian citizens, permanent Australian residents, or New Zealand citizens residing permanently in Australia are eligible to apply. Find out more

Minimum and Maximum Cover

You can apply for between $1,000 and $10,000 of cover per month, to a maximum of 75% of your income. Find out more

Loadings and Exclusions

When you apply for TAL Lifetime Protection, you will be asked a number of health and lifestyle questions. These questions relate to your eligibility, whether your insurance will have any exclusions or loadings, and your Duty of Disclosure. Your answers may mean that you have increased risk factors under the Policy. Find out more

What you’re not covered for

TAL Lifetime Protection gives you options to build a comprehensive cover plan, but there are some events we can’t cover. For example, if something happens to you while you’re travelling to a dangerous country, or if you undertake a dangerous activity. Find out more

If you’re totally disabled as a result of something you’re covered for and can’t work, you’ll receive monthly payments. Find out more

Recurrent Disability

If your disability gets better but then recurs and you’re off work, there’ll be no waiting period before you start receiving payments again. Find out more

Inflation Protection

Inflation Protection automatically increases your Income Protection cover amount by 3% every year, or by the Consumer Price Index - whichever is greater. Your premiums will also increase accordingly. Find out more

Rehabilitation Expense Benefit

To help you get back to health, we will reimburse the expense of your rehabilitation through certain programs. Find out more

Cover Pause

In case of financial hardship, you can pause your cover for up to three months. You won’t pay premiums but you also won’t be covered. It’s easy to switch on your cover again. (This can only be set up over the phone). Find out more

Partial Disability Benefit

If you’re partially disabled as a result of something you’re covered for and can’t work, you’ll receive partial monthly payments. Find out more

Concurrent Disability

If your disability is because of two illnesses or injuries, you’ll only receive payments for one disability - whichever provides you with the highest payment Find out more

Waiver of Premium Benefit

If you’re receiving a monthly payment for Total or Partial Disability, we will waive or reimburse your Income Protection premiums. Find out more

Schedule Injury Benefit

If you have Accident and Sports cover, you can receive an advance payment for certain injuries, such as a fractured wrist. Find out more

Stepped vs. Level Premiums

You can choose to pay either Stepped or Level Premiums. Stepped Premiums increase every year, but generally start cheaper. Level Premiums stay the same and generally cost less in the long run. However, Level Premiums can increase by general premium rate rises and through Inflation Protection. Find out more

Instead of having to wait out your chosen waiting period, your payments will start accruing from the first day you’re off work due to a total disability from an injury. (This can only be set up over the phone). Find out more

Increasing Claims

If you are receiving benefit payments, we will increase the payment in line with inflation, while you are receiving them. (This can only be set up over the phone). Find out more

To make a claim, get in touch with our Claims Team. Every claim is different so we assign you a dedicated Claim Manager to find out what you need, and to make it as easy as possible for you. Find out more

Residing outside of Australia

A maximum benefit period of 90 days will apply while you live outside of Australia. Find out more

Other income payments

If you receive other income, it may reduce your Income Protection Benefit. Find out more

The cost of your Income Protection cover will depend on a range of factors, including your age and gender, your occupation, health, the cover options you choose, how long you’ve had insurance with us and whether you are a smoker. Find out more

Cover Start and End Dates

We will notify you when your cover is active, and you will stay covered until the policy anniversary following your 64th birthday. This is provided you pay your premiums when they’re due, and you have complied with the Duty of Disclosure. Find out more

Benefit Periods and Waiting Periods

You can choose a waiting period of 2, 4, 13 or 104 weeks. And a benefit period of 1, 2 or 5 years. Find out more

Premium changes

Once your Cover is in place, your policy can’t be singled out for an increase in premium rates because of a change in your health or circumstances. However TAL is able to change the premium rates for all customers if conditions change or we receive more claims than expected. Find out more

Eligibility

The eligible age range is from 18 to 59. Or, 18 to 54 for manual work occupations. Australian citizens, permanent Australian residents, or New Zealand citizens residing permanently in Australia are eligible to apply. Find out more

Minimum and Maximum Cover

You can apply for between $1,000 and $10,000 of cover per month, to a maximum of 75% of your income. Find out more

Loadings and Exclusions

When you apply for TAL Lifetime Protection, you will be asked a number of health and lifestyle questions. These questions relate to your eligibility, whether your insurance will have any exclusions or loadings, and your Duty of Disclosure. Your answers may mean that you have increased risk factors under the Policy. Find out more

What you’re not covered for

TAL Lifetime Protection gives you options to build a comprehensive cover plan, but there are some events we can’t cover. For example, if something happens to you while you’re travelling to a dangerous country, or if you undertake a dangerous activity. Find out more

Other ways to access insurance

Sometimes you know exactly what you want from life insurance. But if things are a little more complicated, or you would like to look at life insurance as part of a wider wealth plan, it could pay to see a qualified professional who can discuss the different options.